If Bitcoin drops below $68,000, the mainstream CEX total long liquidation volume will reach $1.08 billion

BlockBeats News, February 15th, according to Coinglass data, if Bitcoin falls below $68,000, the cumulative long liquidation intensity of mainstream CEXs will reach $1.08 billion.

On the other hand, if Bitcoin surpasses $72,000, the cumulative short liquidation intensity of mainstream CEXs will reach $0.792 billion.

BlockBeats Note: The liquidation chart does not show the exact number of contracts to be liquidated or the exact value of the liquidated contracts. The bars on the liquidation chart actually represent the importance of each liquidation cluster relative to adjacent liquidation clusters, that is, intensity.

Therefore, the liquidation chart shows to what extent the price of the underlying asset will be affected when it reaches a certain position. A higher "liquidation bar" indicates that when the price reaches that level, a more intense reaction will occur due to a liquidity cascade.